How to apply for a business loan from Spotcap

It takes just five minutes to complete your application. It’s backed by our proprietary credit assessment technology and expert underwriters that analyse the financial condition of your business, based on the key financial information you supply

Step 1: We need some basic facts about your business

To start the loan application process, we need to know:

Who is responsible for your business?
Some key business details.
How you plan to use your loan.

Step 2: Connect your accounting software or upload financial documents

To save you time, we only ask for financial documents and information that is already available in your business. You can also complete this step by providing us read-only access to your accounting software.

Applying as a Limited Company or Sole Trader:

Business activity statements (BAS) - last 4 quarters.

Financial statements (Balance sheet and Profit & Loss statements) - covering up to the last 2 years.

Tax return for individuals for the last two years - this is only required if you are a sole trader or a partnership and your accountant or tax agent hasn’t provided you with a Balance sheet or a Profit & Loss statement

Trust Deed (for trusts only).

Step 3: Connect your business bank account

We need to confirm your bank account details and see your bank statements. The best way to do this is to give us one-time, read-only access to your business historical transactions

This access allows us to make a prompt assessment of your cashflow situation, enabling us to give you a credit decision within 24 hours of the application being completed

We take the security and privacy of your data very seriously. All information you submit to us is encrypted using one of the strongest security systems commercially available.

How soon will I hear if my line of credit is approved?

You can expect a decision within 24 hours of completing your application. During this time, the data you supplied is analysed by our unique credit assessment algorithm and reviewed by our expert underwriters

If you need help with our application process, please get in touch and one of our team will guide you through the steps.